Cardano (ADA) traded at $0.35 on December 25, down approximately 1% over 24 hours.

The cryptocurrency has declined 6.1% over the past week and 22.9% over 14 days.

ADA remains below key moving averages with mixed technical signals.

The RSI at 37 indicates neutral territory approaching oversold conditions.

What Happened

Cardano prices consolidated between $0.35 and $0.40 throughout late December.

The cryptocurrency trades below all major exponential moving averages.

TradingView data shows the Supertrend indicator maintains a bearish outlook.

Coinglass reported net outflows of $6.25 million over seven days despite short-term buying interest of $410,000 in 24-hour flows.

Technical analysts at CoinCodex project Cardano could reach $0.37 by December 29.

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Why It Matters

Cardano sits 88% below its September 2021 all-time high near $3.10.

Current prices represent a critical technical juncture where support levels will determine near-term direction.

Trading volume of $373 million indicates subdued market participation compared to periods of stronger price action.

The Midnight Mainnet launch scheduled for late December aims to enhance privacy features and potentially attract new use cases.

Network fundamentals continue developing with over 1.3 million staking wallets and expanding on-chain activity despite price weakness.

Analyst forecasts for early 2026 range from bearish targets near $0.28 to bullish projections toward $0.55-$0.70.

Historical data shows December typically represents a period where ADA tends to bottom, making current levels potentially significant for longer-term positioning.

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